Midday update for NZDUSD 22-05-2017
Economies.com
2017-05-22 10:17AM UTC
The NZDUSD pair shows bullish bias now to attempt to breach the resistance of the bearish channel again, pointing that the EMA50 keeps forming negative pressure against the price, to keep the chances valid for resuming the expected bearish trend for today.
In general, we will keep preferring the bearish trend in the upcoming period unless breaching 0.6945 and holding with a daily close above it, pointing that our main targets begin at 0.6780 and extend to 0.6614 after breaking the previous level.
Expected trading range for today is between 0.6820 support and 0.7000
Expected trend for today: Bearish
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